Top Service Providers

The nomination period for the 2009 Mortgage Technology Awards is now closed. Entries for Mortgage Technology Magazine's annual Top 50 Technology Providers List may be submitted through April 15 of each year.

By Anthony Garritano

Each year Mortgage Technology magazine names its Top 50 Service Providers. Our four major criteria for inclusion of eligible vendors and service providers on our list are customer satisfaction, functionality, market share and viable revenue model. All in all, it's a good time to be an established technology vendor with a proven track record, solid financials and a steady client base.

AllRegs www.allregs.com AllRegs continues to evolve to meet the needs of mortgage industry professionals. AllRegs began by delivering its monthly updates and products on 5-inch diskettes with hand-typed labels, moved to 3-inch floppy disks, and then to CD-ROMs. In 2000, the company made its way into the dotcom era and began following a completely online, Internet-based model. Today, AllRegs provides instantaneous updates and information by utilizing developing Internet technologies.

Founded in 1989

ASC www.asconline.com Associated Software Consultants Inc. develops and supports loan automation software solutions for the primary and secondary mortgage market. The PowerLender LOS is flexible, full-featured and future-proof. The business-rules based LOS processes both mortgage and consumer loans and is available in client/server or hosted online. ASC's PowerSeller Secondary Marketing & Risk Management System features loan pooling to hedge decision support to pipeline risk management.

Founded in 1978

Avista Solutions www.avistasolutions.com Columbia, S.C.-based Avista Solutions has earned a place on the list because it offers a fully Web-based LOS that provides lenders toolsets for wholesale, correspondent, retail and consumer direct lending. In addition, Avista has about 150,000 unique users nationwide. The company has handled over $506 billion in loan volume, 100% via the Web.

Founded in 2002

Calyx Software www.calyxsoftware.com For the past 16 years, Calyx Software has grown to serve more than 27,000 mortgage companies and 275,000 individual loan originators nationwide. The Calyx Solution includes Calyx Point, PointCentral and WebCaster. Calyx Point provides secure and automated loan origination.

Founded in 1991

Cogent Road www.cogentroad.com Cogent Road develops Internet-based applications for the mortgage industry. This year the company launched an e-collaboration product to enable lenders to move closer to full e-mortgage adoption. The company also offers Funding Suite, which is utilized by more than 30,000 mortgage professionals. The tool helps clients qualify applicants with its Intelligent Credit Report.

Founded in 2003

ComplianceEase www.complianceease.com Burlingame, Calif.-based ComplianceEase's flagship automated compliance system dubbed ComplianceAnalyzer is adopted by many state regulatory agencies. With the selection by the Conference of State Bank Supervisors and the American Association of Residential Mortgage Regulators, ComplianceEase developed two specific solutions to facilitate the delivery of information to banking and mortgage regulators and examiners.

Founded in 2001

Compliance Systems www.compliancesystems.com Compliance Systems Inc. specializes in delivering document and compliance technology solutions to the financial services industry. The dynamic document architecture enabled CSi to build a MISMO SMART Document, Category 1 e-note solution in just a couple of months. CSi recognized the movement by financial institutions to a common platform for all products. The development of a common data schema for all transactions. allows for a single integration point.

Del Mar DataTrac www.delmardb.com Del Mar DataTrac, San Diego, has added 57 new clients, invested millions of dollars into product development and finished FY 2008 profitable. Additionally, the company has revamped its vender service platform to provide its customers with quality integrations and access to the best-of-breed providers.

Founded in 1991

DepotPoint Inc. www.depotpoint.com DepotPoint brings technology innovation to the distressed property market with state-of-the-art solutions that deliver transparency, efficiency and intelligence to every default servicing transaction. The company's flagship technology, TrackPoint, is a default management platform that incorporates a Web-based workflow engine and tracking system for managing assets through the entire default servicing process.

Founded in 2005

Document Express www.documentexpressinc.com Under the new regulations, lenders, brokers, title companies, attorneys and others who provide loan and settlement services are subject to the tighter, stricter standards. The company employs 100% Web-based technology to deliver compliant docs.

Founded in 1992

Document Systems www.docmagic.com Document Systems Inc., Carson, Calif., offers its flagship loan document production system, DocMagic, as a Windows-based system that allows fully compliant mortgage loan document packages with remote document printing through the Internet or via fax as well as paperless solutions. The company also offers LoanMagic, which includes e-commerce functions, loan comparisons, marketing, etc.

Founded in 1988

DocuSign www.docusign.com DocuSign Inc. is a provider of a cloud computing-based e-signature platform. DocuSign offers a Web-based platform to securely manage and control the complete electronic signature process. DocuSign employs a system that utilizes SaaS eSign SAS-70, fully redundant data centers delivering 99.9% uptime for c the last four years. DocuSign touts that it has executed over 80 million signatures events.

Founded in 2003

DocuTech Corp. www.docutechcorp.com DocuTech, Idaho Falls, Idaho, offers ConformX, a Web-based solution that generates compliant closing documents from any Internet connection. ConformX creates document packages based on information from the LOS. Every data field is automatically populated according to the client's rules.

Founded in 1991

Dorado Corp. www.dorado.com Dorado's LOS is a Web-based Software as a Service model based on a service-oriented architecture. The Dorado Enterprise Lending System was among the first to give lenders access to a fully realized Software as a Service model. Dorado serves many of the leaders in mortgage lending.

Founded in 1998

DRI Management www.dridefault.com DRI Management Systems Inc., Newport Beach, Calif., has been a provider of mortgage servicing software for over 24 years. Longevity aside, DRI calls several of the top servicers clients. DRI's The Default Solution enables companies to minimize the need for traditional levels of personnel to service defaulted loans.

Founded in 1984

Ellie Mae www.elliemae.com Ellie Mae has a diverse revenue model with a product and service offering that includes loan origination software, an electronic transaction platform, EDM and Web portals. Ellie Mae is inter-connected with over 2,000 individual entities providing access to over 90,000 settlement service providers and lenders. The company acquired doc prep Online Documents and automated compliance vendor Mavent.

Founded in 1998

eLynx www.elynx.com The company touts that it has the most widely used network for electronic document communications services with integrated product capabilities including electronic document delivery, e-signature, electronic folders, paperless fax and paper fulfillment. Also, eLynx launched an e-closing room.

FiCS www.ficsloanware.com FICS has provided over 1,000 financial organizations nationwide with significant competitive advantages through the use of the company's software systems. FICS's systems are true Windows based systems utilizing advanced Windows technology.

Founded in 1983

Fiserv Inc. www.fiservlendingsolutions.com Fiserv is committed to promoting the value proposition of e-mortgage processing. Fiserv has integrated e-mortgage functionality into itsLOS systems. On the servicing side, Fiserv has made mortgage and consumer lending back office consolidation possible through the expansion of its Loan Servicing Platform. Using the platform, servicers are able to support consumer loans and mortgages.

Founded in 1984

Global DMS www.GlobalDMS.com The Lansdale, Pa.-based firm touts that over 1,000 appraisal firms, appraisal management companies and lenders employ the company's Web-based software solutions. MARS, or MISMO Automated Receive Station, is the company's newest technology that allows users to extract, export and analyze any part of a PDF document.

IndiSoft www.indisoft.us Through its flagship product RxOffice, IndiSoft has been able to handle more than 18 million transactions for customers, who in turn are able to more efficiently handle cases involved in any phase of the default. Servicers, mortgage insurers, lawyers and investors have all selected RxOffice to help manage at-risk loans. Federal and state government agencies have also enjoyed the benefits of RxOffice, sighting its thorough ability to manage cases.

Founded in 2005

Interthinx www.interthinx.com Interthinx,

Agoura Hills, Calif., touts that it has over 1,100 customers. The risk mitigation, fraud prevention and regulatory compliance tools access proprietary data that includes over 10 years of mortgage fraud related data gathered and stored in its own National Fraud Protection Database. The company also has application data from millions of loan applications systematically captured into the a database.

Founded in 2005

ISGN www.isgn.com ISGN is a provider of end-to-end solutions for the residential mortgage industry. The company is one of the most diverse and experienced providers of mortgage technology and services, with solutions that support the entire spectrum of the loan life cycle, from origination to settlement services, from support on core servicing to loss mitigation and home retention services. The company is comprised of two segments-the origination practice and the servicing practice.

Loan-Score www.loan-score.com Loan-Score offers a suite of modular decisioning solutions. Among them are an enterprise-class AU engine, a product and pricing engine, a portfolio analysis engine and production-facing Web portals. The Irvine, Calif.-based company just launched a walk before you run program to allow lenders to start small.

MDA Lending Solutions www.mdasolutions.com MDA Lending Solutions provides solutions that are critical for the industry's current issues. With an emphasis on risk mitigation and collateral valuation, the company's services evaluate portfolios, and help clients modify loans. Products are consistently updated to maintain compliance with new programs and regulations, taking the headache out of securing appraisals, closing loans or evaluating portfolios.

Founded in 1992

Mortech Inc. www.mortech-inc.com In 2006, Mortech's Marksman product was introduced. Marksman incorporated lead management capabilities and mortgage product guidelines. LendingTree LLC sought out the expertise of Mortech in 2005. In 2007, the two companies teamed together to deliver the LendingTree network. Another defining moment for Mortech came in 2009 when Mortech was approached by search engine giant Google.

MorTgage Builder Software www.mortgagebuilder.com Mortgage Builder has been in business over 10 years and has experienced profitable, steady growth since inception. Mortgage Builder, Southfield, Mich., has experienced a zero customer failure rate and an extremely low employee turnover rate. Mortgage Builder was the first mortgage technology company to develop a Linux-based LOS.

Founded in 1997

Mortgage Cadence www.mortgagecadence.com Mortgage Cadence Orchestrator and its complementary suite of solutions, provide data-driven workflow automation and seamless integration across the enterprise to help lenders from origination, processing, underwriting, and closing through secondary marketing. The solutions provide both forward and reverse lending automation.

Founded in 1996

MortgageFlex www.mortgageflex.com MortgageFlex has set records with 30 years of technology excellence. The company's average customer tenure is 10 years, with some clients exceeding 20 years. The company has remained steady in its mission to provide reliable automation and flexible innovation, to meet the continually changing needs of mortgage lenders, servicers and investors. Through strong partnerships, the company continues to offer front-to-back support.

Founded in 1980

Motivity Solutions www.motivitysolutions.com Motivity Solutions is a Colorado-based creator of technology that combines and enhances existing systems to simplify business by creating insight, efficiencies and a sustainable competitive advantage. Motivity Solutions and its technology encourage a performance-based environment that aligns employees, managers and executives to corporate goals.

Founded in 2006

MRG Document Technologies www.mrgdocs.com MRG Document Technologies is a practice group within Middleberg Riddle and Gianna, one of the nation's preeminent mortgage banking law firms. The average number of years clients have been with MRG is 2.5. The longest running customer has been with MRG for 12 years. 40 customers have been with MRG for more than five years. Being a practice group within a law firm puts MRG in the unique position of its document content being created and tested by an in-house team of attorneys. MRG owns its legal content as well as its calculation engines.

Founded in 1980

National QuickSale www.NationalQuickSale.com National Quick Sale, a unit of Jacksonville, Fla.-based Infusion Technologies, virtually created the category of short sales workflow and offer management automation technology, and has remained the leader in advanced functionality in its space. The concept was developed by renowned mortgage industry technologist Rich Rollins, who worked with loan servicing leaders to create a Web-based platform that could shorten the period required to complete short sales.

Founded in 2007

PCLender www.pclender.com PCLender.com is among the first fully SaaS-based LOS systems. PCLender.com customers know the company is fully-vested in their success. PCLender.com added 2,500 users in 2009 and is setting acquisition records so far in 2010. By all measurement described in the question above, the SaaS-pioneering LOS vendor is especially relevant given that lenders in large numbers are beginning to see the value ofSaaS.

Founded in 1997

QuestSoft www.questsoft.com QuestSoft, Laguna Hills, Calif., offers: Compliance EAGLE, which combines components of mortgage lending compliance into a single system; HMDA RELIEF, which takes a lending professional through the entire HMDA process; and Instant Geocoder, which has address verification and census tract lookup capabilities. Lastly, CRA RELIEF provides banks with a tool to automate the compilation and reporting of CRA data to regulatory agencies.

Founded in 1995

ServiceLink www.servicelinkfnf.com ServiceLink, the national lender platform for Fidelity National Financial, is a provider of origination and default related products and services for the mortgage industry. ServiceLink currently serves 15 of the top 20 national lenders and servicers. ServiceLink combines its Serve First culture and industry experience with products and technology along with the resources of Fidelity National Financial to help client partners mitigate risk, reduce cycle times and lower operating costs.

Founded in 2005

SigniaDocs www.SigniaDocs.com Headquartered in Houston, SigniaDocs is a national e-mortgage solutions company supporting legally compliant SMART Doc and e-signature standards, as well as offering a full Web service platform for electronic document collaboration and e-mortgage processes from e-disclosure, e-processing, e-closing, e-vaulting, to e-modifications and e-delivery.

Founded in 2004

Solidifi www.solidifi.com Solidifi is a provider of collateral valuation, risk management and data analytic services to the North American mortgage industry. Solidifi provides mortgage lenders, professionals and third party service providers with a flexible service platform for procuring collateral valuations from marketplace vendors and appraisers, with complete transparency and data.

Founded in 2004

The Turning Point www.turningpoint.com The Turning Point is a leader in the field of relationship marketing for more than 20 years. The Turning Point is the first company to offer bankers, brokers and loan originators technology-driven marketing solutions specifically designed for the needs of the mortgage industry. The company specializes in database hosting and management, automated marketing campaigns, hands-free production and fulfillment, and tracking and reporting.

Founded in 1995

Veros www.Veros.com Veros has demonstrated both innovation and consistent success in delivering appraisals. The company was selected by both GSEs to provide the appraisal management system through which Fannie Mae and Freddie Mac will require all sellers to submit full electronic appraisals usinfg MISMO Version 3.0 standards beginning in 2010, and is responsible for the certified integration of each GSE seller to the system.

Founded in 2001

Wipro Gallagher Solutions www.gogallagher.com Currently, Wipro Gallagher Solutions products are used by a number of the top 25 institutions in the country, including three of the top five lenders. Becoming part of the Wipro family has led WGS to enter many new relationships within the financial services industry and has created opportunities for new licensing revenues from SaaS-based, multitenant pricing models. Wipro has also allowed WGS to expand its production and support capabilities through global delivery models.

Xerox Mortgage Services www.xeroxmortgageservices.com Xerox Mortgage Services provides one of the mortgage industry's most widely used solutions for electronic document collaboration, the BlitzDocs Collaboration Suite. This Software as a Service solution allows mortgage participants to convert a paper process into an electronic one through a collaborative electronic loan folder from the point-of-origination through post-closing. Most recently, the company added an electronic vault to its suite of services.